New World Launches Exchange Offer for Nearly $1 Billion of Bonds
New World Development Co. kicked off an exchange offer for about $991 million of outstanding dollar notes, in the latest efforts by the stressed Hong Kong developer to extend maturities...
By Janice Huang · Bloomberg Markets
New World Development Co. kicked off an exchange offer for about $991 million of outstanding dollar notes, in the latest efforts by the stressed Hong Kong developer to extend maturities and shore up liquidity.